Economic growth is slowing in several major economies, according to the latest reports. Factors contributing to this deceleration include rising interest rates implemented to combat inflation, as well as persistently high energy costs impacting both consumers and businesses.

The slowdown is most evident in key sectors such as manufacturing and housing. Increased borrowing costs are dampening investment, and consumer spending is showing signs of weakening. Economists are closely watching these trends to determine whether this slowdown is a temporary correction or the beginning of a more significant economic downturn.

Central banks are facing a difficult balancing act. They must manage inflation without triggering a recession. Governments are also under pressure to implement policies that can support economic growth without exacerbating inflationary pressures.